OPERATING TABLE MARKET ANALYSIS

Market Challenges And Opportunities

Increasing surgical needs worldwide to be major driving factor for growth of the operating table market.

Operating table is integral part of any surgical procedure, therefore according to research by Coherent Market Insights, with rising surgical needs worldwide, there would be proportionate increase in the operating table market. For instance, according to Lancet Commission for Global Surgery report in 2015, around 143 million surgical needs were left unmet, annually and around 5 billion people lacked access to safe and affordable surgical and anesthesia care. Such high need would expand the market for the operating table.  The report further stated that 28-32% of the global burden of disease can be surgically treated. According to World Bank statistics, in 2012, around 4511 surgeries per 1, 00,000 population were operated worldwide, which is expected to increase to 5000 surgeries per 1,00,000 population by 2030.

The high rate of unmet surgical needs is significant in developing economies such as China, India, Brazil, South Africa, ASEAN and other prominent countries. According study published in World Journal of Surgery in 2014, developed countries receives 73.6% world surgeries while the low income counties receives only about 3.5%. However, rapid development of quality healthcare infrastructure in these regions is expected to increase the healthcare spending thereby creating positive prospects for surgical equipment such as operating table.

Product innovation and increasing geriatric population worldwide to be factors of growth for the operating table market

There is logical corollary innovation behind continuous growth of the operating table market, this is especially the case in developed regions such as North America and Europe that already have one of highest per capita expenditure and strong healthcare infrastructure.